M&A

Gem fails to offload Ghaghoo

Gem Diamonds (LN:GEMD) has dashed investors’ hopes of offloading its currently-shuttered Ghaghoo mine in Botswana, announcing discussions with a potential buyer have ended.

Staff reporter
Ghaghoo, in Botswana, has been on care and maintenance since March

Ghaghoo, in Botswana, has been on care and maintenance since March

The company may have recovered several plus-100 carat sparklers from its 70%-owned Letšeng mine in Lesotho this year, but Ghaghoo remains a drag on its balance sheet.     Back in August, the...

Start a free trial to continue reading this article
Already have an account?  
Subscribe now
MORE ON THIS TOPIC

A growing series of reports, each focused on a key discussion point for the farming sector, brought to you by the Kondinin team.

A growing series of reports, each focused on a key discussion point for the farming sector, brought to you by the Kondinin team.

editions

Mining Journal Intelligence Investor Sentiment Report 2024

Survey revealing the plans, priorities, and preferences of 120+ mining investors and their expectations for the sector in 2024.

editions

Mining Journal Intelligence Mining Equities Report 2023

Access an exclusive, inside look on the quarterly mining IPOs and secondary raisings data and mining equities performance tables with an annual Stock Exchange Comparisons supplement.

editions

Mining Journal Intelligence World Risk Report 2023 (feat. MineHutte ratings)

A detailed analysis of mining investment risks across 121 jurisdictions globally, built on 11 ‘hard risk’ metrics and an industrywide survey.

editions

Mining Journal Intelligence Global Leadership Report 2023: Social licence

Gain insights into social licence trends and best practices from interviews with 20+ top mining company executives and an industrywide survey.